Merger Account FAQs


Will my accounts continue to be insured by the NCUA?

Yes. Your deposits will be federally insured by the NCUA (National Credit Union Administration), meaning you will have up to $250,000 in protection for an individual membership. The NCUA also provides additional, separate insurance coverage for deposits held in different ownership categories, such as individual accounts, joint accounts, Individual Retirement Accounts (IRAs), and Trust accounts. Portland Local 8 FCU provides supplementary insurance through Excess Share Insurance (ESI) to certain high balance accounts (“ESI covered accounts”). Following merger consummation, ILWU Credit Union will continue to provide ESI supplementary insurance to Portland Local 8 FCU with existing ESI covered accounts.

What happens to my loans after the merger?

Existing loan contracts will remain in effect until maturity or paid off.

Will membership eligibility be affected?

No, both credit unions will continue to serve each respective field of membership, including all NCUA-approved Locals and unions. Family members of the current credit union members will also continue to be eligible. This includes grandparents, parents, spouses, domestic partners or roommates, children, grandchildren, siblings, aunts, uncles, nieces and nephews.

Will the routing number change?

Yes. The routing number will change to ILWU Credit Union’s routing number after the proposed merger date. The new routing number will be provided to you in advance.

Will my Online and Mobile Banking change?

Yes. Once the post-merger systems conversion occurs on December 1, 2025, you will have to enroll in ILWU Credit Union’s Online Banking and/or download ILWU Credit Union’s Mobile App to access your accounts and services online. You will receive details and instructions as we get closer to the conversion.

Will my debit cards change?

Yes, your debit will be replaced with ILWU CU cards.

Will my recurring transactions be affected?

Yes, you will be provided new ILWU CU details (account #, routing #, transit #) prior to the December 1 systems conversion so you can update your recurring transactions.

Will the merger impact my existing accounts?

The goal is to make this transition as seamless as possible for all our members. While we cannot provide specifics regarding changes at this early stage, we assure you that we will bring forward the best product offerings from both credit unions. Until Portland Local 8 FCU accounts are converted to the ILWU Credit Union platforms none of your accounts will change. Whether or not they will change after that depends on the type of account.

What we know for sure now is:

  • Loans – Your existing loan contract will remain in effect until the loan is paid off.
  • Share Certificates – The terms of your existing share certificate will remain in effect until the maturity date.
  • Savings & Checking - Rates and terms on these accounts are subject to change at the time of the merger date. There may be some small changes, but mostly to the benefit of the members. You will receive an ILWU Credit Union Membership Agreement and Account Disclosures before the merger date.
  • Debit Cards You will receive a new ILWU Credit Union Debit Card with tap “contactless” technology.
At this time, there is nothing you need to do. As we move to integrate our accounts into ILWU Credit Union’s operating system, we would work to ensure a smooth and seamless integration for our members. We will provide additional communication, disclosures, and instructions to guide you through this process, as we get closer to conversion.

I use Zelle®. Will I have to re-enroll as an ILWU Credit Union member?

Yes. Once the post-merger systems conversion is complete the Portland Local 8 FCU Zelle® access will no longer be available. You can easily re-enroll in Zelle® using the ILWU Credit Union Mobile App. Detailed instructions will be provided in the coming months.

Will I still be able to transfer money between accounts? Will I have to re-enroll at ILWU Credit Union?

Yes. You will need to re-enroll and re-enter any Account-to-Account (A2A) payment information once the post-merger systems conversion is complete on December 1, 2025.

Will I still receive personalized service?

Yes! The reason our two credit unions are pursuing this merger is to better serve our members. You will continue to receive the same personalized service you do today.

What if I have additional questions?

If you have additional questions, please visit our branch, call or text 503.223.9306, or email us at [email protected].

ILWU Credit Union Locations

A complete list of the ILWU CU branch network is listed below.

California

  • Headquarters/Long Beach: 3447 Atlantic Ave, Long Beach, CA 90807
  • Balma Office: 400 N Point St, San Francisco, CA 94133
  • Oakland Branch: 95 Linden St Ste 12, Oakland, CA 94607
  • San Pedro Branch: 860 N Western Ave, San Pedro, CA 90732
  • Wilmington Branch: 1134 N Avalon Blvd, Wilmington, CA 90744

Hawaii

  • Hawaii Branch: 650 Iwilei Rd., Unit 195 Honolulu, HI 96817

Oregon (Post Merger)

  • Portland Local 8 Branch: 2435 NW Front Avenue Suite A, Portland, OR 97209
Additionally, ILWU CU adds 13 ATMs mainly located near the branches and dispatch halls of the Locals they serve, including an ATM at the ILWU International Headquarters.

CO-OP Shared Branch and ATM Network

ILWU CU also participates in the nationwide CO-OP Shared Branch and ATM network, so you can continue accessing nearly 30,000 ATMs and 5,000 branches nationwide. To find an ATM or Shared Branch near you click here.